Vikram Solar Ltd., one of India’s leading solar PV module manufacturers, has set an ambitious target of achieving 16–18% EBITDA margins for the financial year 2025–26 (FY26), driven by a record-breaking order book and aggressive capacity expansion. The company’s Q1 FY26 performance has already laid a strong foundation, with EBITDA margins touching 21.4%, signaling operational…
In a dramatic shift that has sent ripples across the artificial intelligence industry, Elon Musk’s AI venture xAI has laid off 500 employees from its Grok chatbot development team. The move, announced late Friday night via internal emails, marks a significant restructuring of the company’s data annotation division—previously the largest workforce segment within xAI. The…
Endurance Technologies Ltd., a leading auto component manufacturer, has issued an official clarification regarding recent media reports suggesting a Rs 4,000 crore investment in Tamil Nadu. The company’s statement comes in response to heightened speculation following a news article that linked several auto and EV component makers—including Endurance Tech—to a large-scale investment initiative in the…
OpenAI, the world’s most valuable AI startup, is making headlines not just for its technological breakthroughs but for its audacious financial strategy. Under the leadership of CEO Sam Altman, the company has committed tens of billions of dollars to partnerships with Oracle, Microsoft, and Broadcom, aiming to transform AI hype into long-term profitability. But with…
The Indian equity market is witnessing another high-octane response from investors as the Dev Accelerator IPO has seen a massive subscription of 28 times on Day 3. The issue, which opened earlier this week, has caught the attention of both retail and institutional investors, marking it as one of the most sought-after SME IPOs in…
In a landmark ruling that could bring long-awaited relief to millions of small investors, the Supreme Court of India has approved the release of ₹5,000 crore from the SEBI-Sahara fund to repay depositors. This decision marks a critical step in the decade-long legal battle involving the Sahara Group and its controversial fundraising schemes. The move…
The much-awaited Urban Company IPO has created a buzz among retail investors, high-net-worth individuals (HNIs), and institutional investors. With its strong brand recall in the home services sector, Urban Company has positioned itself as a market leader, and its IPO has drawn significant attention in India’s primary market. Investors are now keenly awaiting the Urban…
In a significant move towards strengthening India’s renewable energy ecosystem, the Union Cabinet has approved land allotment to GAIL India Ltd. for setting up a state-of-the-art Bio-CNG unit in Bengaluru. This decision is a part of the government’s ongoing efforts to promote sustainable energy solutions, reduce dependence on fossil fuels, and boost the circular economy…
In a major boost to India’s semiconductor and electronics manufacturing ambitions, the Government of Maharashtra has allotted 100 acres of land to RRP Electronics Ltd., one of the country’s emerging semiconductor leaders. This strategic move is being hailed as a significant step towards strengthening India’s presence in the global semiconductor supply chain, while also aligning…
Gujarat-based steel manufacturer VMS TMT Ltd is set to launch its initial public offering (IPO) on September 17, 2025, aiming to raise ₹148.5 crore through a fully fresh issue of 1.5 crore equity shares. The IPO will close on September 19, with allotment finalization scheduled for September 22 and listing on both NSE and BSE…
